Boston Appraisal
NOVEMBER 6, 2020
That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. Hence, Mr. Brown’s most recent appraisal of $489,000 is within that appraisal range of $480,000 to $530,000. Reason #2: Lack of Market Data.
Boston Appraisal
NOVEMBER 6, 2020
That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. Hence, Mr. Brown’s most recent appraisal of $489,000 is within that appraisal range of $480,000 to $530,000. This lack of data can, unfortunately, slightly skew the true market value.
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